Business

Business

Stocks stage rally on foreign buying

The stock market staged a surprise powerful rally yesterday as KSE-100 index surged by 387.01 points or 1.32pc to close…

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Assemblers fail to make gains on falling import of used cars

Import of used cars dropped sharply year-on-year in 2013-14, but local assemblers who had been lobbying against the arrival of…

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MCB Bank, Millat Tractor sign MoU for provision of agri based credit to farmers

MCB Bank has signed a memorandum of understanding (MoU) with Millat Tractor Limited (MTL) to provide agriculture credit to farmers,…

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Alibaba files one of the biggest IPOs in US history

Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public…

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Citigroup to pay $7bn in subprime mortgages probe

Citigroup announced yesterday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages, the…

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Textile package to be implemented through SROs

Federal Minister for Textile Industry Abbas Khan Afridi on Monday assured a textile delegation that the government would soon implement…

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SBP sets agriculture loan target at Rs500bn

The State Bank of Pakistan (SBP) has assigned the scheduled banks with the task to disburse Rs500-billion agriculture credit during…

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Profiteers make a killing amidst low monitoring

Karachiites are paying more for essentials during this Ramazan compared to residents of other parts of the country, particularly Lahore,…

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Weekly inflation increases slightly

Weekly inflation for the combined income group increased by 0.23 per cent for the week ending July 10 over the…

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